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Blog

2% of all Bitcoin addresses hold 95% of the supply ? : Interview with Rafael Schultze-Kraft CTO of Glassnode ②

I do think Bitcoin and Ethereum are fair coins. If you look at the distribution over time, it has become more decentralized and dispersed across different sections in the network. Besides, we cannot forget that these coins are divisible by a lot. Even if you hold a couple of Satoshi’s, their price has been appreciating. Looking at on-chain data, there is a good argument for this continuous dispersion that shows the adoption of new people coming into space. People often drop claims like “2% of all bitcoin addresses hold 95% of the supply” , but they forget to factor in things like exchanges, that today they have approximately 2.6 million BTC. When an exchange is reduced to “an address with a lot of BTC”, then you certainly will get an extremely narrow view of the whole picture. It is very clear that these 2.6 million do not belong to a dozen entities but it is millions of users that are simply holding their funds on exchanges. So, those arguments are most of the time flawed.
Blog

Equal Rights for the LGBTQ Community : Interview with Jason Hsu Crypto Congressman ②

It's been very emotional. When I was a legislator, the priority was giving legal rights to the LGBTQ community, and I probably would list blockchain and cryptocurrency as my second priority. As ordinary people, we rarely do have a chance to make an impact. LGBTQ issues have been around in Taiwan for over 30 years since the first game person came out of the closet. It was a very long march in the dark without seeing the end of the tunnel for many.Growing up I was always surrounded by gay friends. when I started my own business, I employed several gay people and creating a guy-friendly environment. Over time, when I got to know them on a more personal level, I would hear about their stories and their struggles, jobs, friends, their family members, and how oppressed they felt.
Blog

What happens when you start to understand Bitcoin’s implications? : Interview with John Vallis ①

This does 2 things. One, when you realize the extent to which the monetary system has become corrupted and how Bitcoin fixes it, you start to distrust a lot of other things. You will look a little bit more critically at all the other things in your life whether it be healthcare, education, government, etc., thinking, “if I misunderstood the truth of the monetary system so much, maybe I should look a little bit more critically at other areas.” So, you become intoxicated on sovereignty and you want to establish it in as many other areas of your life if you can.
Blog

Crypto Industry in Taiwan : Interview with Jason Hsu Crypto Congressman ①

I think it's important to understand the long-term implications of cryptocurrency, whether it's a way to change or get countries to think about how the central bank has to figure out an alternative way for current monetary systems; a way to develop a less politically affected monetary system. Thus, I think the way that cryptocurrency is being perceived around the world is also a reflection of how societies are being perceived. Meaning, every country has its own narrative, and due to their differences in their narratives, they are treating cryptocurrencies and blockchains differently.
Blog

What is the credit swap market? : Interview with Greg Foss ①

The credit default swap market is default insurance on any reference asset. It is like an insurance policy that you purchase to protect yourself if the reference asset defaults. Purchasing the insurance costs you a certain premium each year, much like an insurance premium for house insurance, fire insurance, etc. There's default insurance where you pay a certain premium that is set by the market and by the riskiness of the borrower. For example, Canada is a sovereign borrower and the insurance market for Canada is charging 37 basis points per year over a 5-year term to ensure Canada against default. This means the purchaser has to pay $37000 a year to ensure about $10 million worth of debt. The seller of the insurance collects the premium; however, they are on the hook for any payout in the event of default.
Blog

How are our societies and tax systems related? : Interview with Dominic Frisby ①

I have this idea that you design society the way you tax it. You determine the destiny of a society by the way that you tax it; how prosperous or poor the people will be, how free or subordinated people will be, etc. It's not just the amount but also the way that you tax the people. For example, today we rely very heavily on taxing labor even though we didn't always tax labor so much. I think there's a relationship between taxation and freedom. A slave owns none of his own labor like someone in a totalitarian state, but someone in an anarchic state with no government has 100% ownership of his own body and labor. At the moment where 40~50%of our money goes on taxes, so we own about 50~60% of ourselves. This needs to be a lower number.
Notification

About Business Hours During Golden Week

Thank you for your constant support. We would like to announce that the company will suspend part of our services during golden week holidays for the period 2021 April 30th 〜 May 6th. Servi...
Blog

The Biggest Chance of All Times : Interview with Marc Friedrich ①

The last book was called The Biggest Crash of All Times, but the new book is called The Biggest Chance of All Times because every crisis is also a chance. I wanted to give people some perspective and positive things for the future to look forward to. I started thinking about the positive things in this COVID-19 crisis, like what people can achieve, and where the possibilities and opportunities lie in this crisis. I think it is the biggest chance in our lifetime to invest during this crisis because our current monetary system is wholly disordered, and our political system is completely broken. Politicians don’t seem to have any other decisions than to put people in lockdowns. Everything has become corrupt and our system is not human anymore.
Notification

Notification on resumption of Ethereum (ETH) deposit / withdrawal

Although BTCBOX had temporarily stopped depositing and withdrawing ETH, we have now resumed deposit/withdrawal transactions. Thank you very much for your cooperation and understanding.
Blog

Why is the East vs West indicator important? : Interview with Nicolas Contasti, Francesco Galati ②

Because it can enable our users to mitigate risk if they are located in a geography that is opposite to where their crypto-assets are having the most activity. For example, if someone in Asia is investing in Litecoin, they should be aware that the distribution of activity is usually disproportionately large towards the West side of the world.If I were to be located in Hong Kong and I was trading or investing in, for example, Litecoin, I would never go to bed without setting a stop-loss or a take-profit order, since I would be more exposed to price variation either very late at night or very early in the morning.
Notification

Apology and Notification Regarding Unauthorized Access to the Email delivery System

An unauthorized access has been confirmed on the email delivery system used by our company. We are currently investigating the leakage of information together with an external investigation company, ...
Notification

Notification about the Ethereum(ETH) Upgrade

Thank you for your constant support to our service. We would like to inform you as our respondent policy about the upgrade of Ethereum (ETH) that is predicted to be carried out on the 14th April, ...
Blog

Why Deflation is Key to an Abundant Future : Interview with Jeff Booth ①

Well, technology is deflationary. Technology provides so much efficiency that it creates deflation. If you look at your cellphone or just about anything technology-driven that you use, you get more for less on an exponential scale. That technology is moving into every single part of our world. So, you would expect prices to be falling as a natural by-product of that while saving our time. We should be getting more for less and have our time expanding, but it doesn't feel like that's happening.
Blog

How did IntoTheBlock start? : Interview with Nicolas Contasti, Francesco Galati ①

IntoTheBlock (ITB) is the result of a macro thesis formulated by our founder and CEO Jesus Rodriguez. Jesus has a long career in technology and finance. Having been a distinguished engineer at Microsoft and later built quant systems for major hedge funds on Wall Street, he has a deep understanding of the intersection of financial markets and tech. His main thesis was (and still is) that crypto products should be intelligent-first products, that is, powered by artificial intelligence. If traditional financial markets are evolving towards AI-first products, why shouldn’t crypto, the first natively digital asset class, do the same?
Notification

CAUTION! Fake Email Disguised As BTCBOX

Today (on April 6th, 2021), we have confirmed multiple SUSPICIOUS emails disguised as BTCBOX (our company).An email disguised as our BTCBOX was sent with the subject "【BTCボックス】Cryptocurrency Deposit ...
Interview

What is the recovery success rate? : Interview with Dave Bitcoin Wallet Recovery Services (All Interviews)

The customer is involved mostly in the initial stages of the recovery, providing me the wallet information and their password ideas. There are some wallets where only the owner can approve certain actions, so I need the cooperation of the customer. That is a nice feature of wallets such as blockchain.com and others with 2FA, where users will receive an email or text asking them “do you approve of this recent activity?”. For the password ideas, some customers have made their own lists of attempts they’ve made, and this can be a very helpful starting point. For some more esoteric wallet formats I’ve had customers do their own research into how I can add support for that wallet type, which has been quite helpful in more than a few cases.
Interview

Is inflation currently happening? : Interview with David Andolfatto Federal Reserve Bank of St. Louis (All Interviews)

We haven’t seen inflation, at least not yet. Some people complain that the government statistics are bogus. But the privately-operated Billion Prices Project shows inflation that is consistent with government measures. Whether inflation becomes a problem in the future, we’ll have to wait and see. Certainly, the forecast is for a transitory increase in the rate of inflation as the economy re-opens from the pandemic. 
Blog

The Norm of Expressing Value : Interview with Santiago Velez Block Digital Corporation ①

All of us were born into a society that has its norms around how you express value. The final distillation of those norms is our currency. As we grow up, we're conditioned to assess the relative price of things like for example a gallon of milk, groceries, a car, a home, etc. in our native currency. We take that expression or conditioning for granted and don't think that there's anything else to it until occasionally we get a glimpse of it when we go to another country. When you spend some time there, you struggle to understand whether what you're paying for is really worth it because the value proposition isn’t intuitively clear. And, it's that uncomfortableness that offers a little glimpse into what I think is really going on. I wasn't as interested in Bitcoin because I didn't see it as relevant for me being in the United States as we have a very mature payment structure. Those problems are largely solved for us, so we don't often find a need for entering into another money network. It wasn’t until much later that I started exploring the monetary system that it became clear what the latest narrative of Bitcoin was attempting to solve for, namely the unaccountability of central banking on our collective purchasing power.
Member Interview

What I learned in the world of Crypto – Marketing Manager at BTCBOX

About the Blog Articles My name is Yuichi, in charge of the BTCBOX Blog. We started interview articles of active participants and specialists in the crypto space about 1 year ago. Recently, we...
Blog

What is a good wallet? : Interview with Dave Bitcoin Wallet Recovery Services ②

You’re looking for a wallet that has a good team behind it and a solid track record for stability and security. Having said that though, it's tricky for someone to try figuring out on their own whether a wallet has had a lot of person-hours put into building a great secure wallet or if it is something somebody just threw together. Often if you’re investing on the cutting edge of new coins and new blockchains you won’t have too much of a wallet choice, but I would recommend entering those waters carefully and being aware of the risks. If you’re investing in more mainstream coins read some reviews and choose a wallet that has been around for a while and is used by many.